A Texas federal jury on Monday ordered CBS Corp. to pay $1.3 million in damages after finding that it infringed a patent on disseminating media content that patent licensing firm Personal Audio LLC has asserted against numerous media companies and podcasters.
Alibaba Group Holding Ltd., the Chinese Internet giant that was already poised for the world’s largest initial public offering, lifted the deal's price range, according to a Monday regulatory filing, confirming earlier reports that strong investor demand could boost the offering.
E.I. du Pont de Nemours and Co. on Monday agreed to pay $1.85 million to settle allegations that it withheld 18 damning reports from the U.S. Environmental Protection Agency that might have spurred the regulator to ban the herbicide Imprelis more quickly.
Syncora Holdings Ltd. finalized a settlement on Monday of its objections to the city of Detroit's Chapter 9 restructuring that no longer requires concessions from two global investment banks, according to Syncora's attorney.
Women’s clothing company Ann Inc. on Monday again pushed back against activist hedge funds Engine Capital LP and Red Alder LLC, arguing that their push for Ann to sell itself for as much as $2.97 billion depends heavily on assumptions rather than new groundbreaking analysis.
Personal finance information service Bankrate Inc. revealed Monday that the U.S. Securities and Exchange Commission is investigating its 2012 financial statements and that its chief financial officer is stepping down and warned investors not to rely on its statements covering the 2011 to 2013 fiscal years.